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ACCEDE

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Private limited company (pre-2019)·Vervaardiging van radiatoren, stoomketels en ketels voor centrale verwarming· 15 yrs active
Steenweg Op Leopoldsburg 28 ·2490 Balen, Belgium
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BE 0831.921.686
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Turnover€3.38M+1189.6%
EBIT margin-27.9%+1066.9pp
Net result€189k
Working capital€307k
Directors1
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Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 22-11-2022 with the NBB · fiscal year 2021 · verkort
€-5.00M€0€5.00M€10.00MRevenue 2018: €11.74M€11.74MOperating result 2018: €3.88M€3.88MNet result 2018: €1.67M€1.67MRevenue 2019: €262k€262kOperating result 2019: €-2.87M€-2.87MNet result 2019: €243k€243kRevenue 2020: €3.38M€3.38MOperating result 2020: €-943k€-943kNet result 2020: €-1.03M€-1.03MOperating result 2021: €368k€368kNet result 2021: €189k€189k2018201920202021
RevenueOperating resultNet result
Revenue
€3.38M
+1189.6% 18–21
EBITDA
€481k
18–21
Net profit
€189k
18–21
Cash flow
€301k
18–21
Total assets
€7.77M
+3.0% 18–21
Equity
€583k
+47.8% 18–21
Working capital
€307k
18–21
Employees (FTE)
3
0.0% 18–21
Staff costs
€41k
-37.5% 18–21
Income taxes
€27k
+16.8% 18–21
Debt
€7.18M
+0.5% 18–21
Debt ≤ 1y
€6.75M
+0.3% 18–21
Debt > 1y
€367k
-11.5% 18–21
Current ratio
1.05
+11.8% 18–21
Quick ratio
0.58
-38.3% 18–21
Solvency
7.5%
+43.5% 18–21
Debt / equity
12.31
-32.0% 18–21
ROE
32.3%
18–21
ROA
2.4%
18–21
Net margin
-30.6%
18–21
EBITDA margin
-21.6%
+97.4% 18–21
Interest coverage
2.27
18–21
Figures by fiscal year
Fiscal year2021
Revenue
EBITDA€481k
Net profit€189k
Cash flow€301k
Staff costs€41k
Income taxes€27k
Dividends
Total assets€7.77M
Equity€583k
Debt€7.18M
of which ≤ 1y€6.75M
of which > 1y€367k
Working capital€307k
Employees (FTE)3.0
Ratios (computed)
2021
Current ratio1.05
Quick ratio0.58
Working capital ratio4.0%
Solvency7.5%
Debt / equity12.31
Long-term debt ratio0.63
Interest coverage2.27
Gross margin
Net margin
ROA2.4%
ROE32.3%
EBITDA margin
Days sales outstanding
Days payable outstanding
Inventory turnover
Days inventory (DSI)
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet — Assets
TOTAL ASSETS 20/58€7.77M
Fixed assets 21/28€705k
Tangible fixed assets 22/27€700k
Financial fixed assets 28€6k
Current assets 29/58€7.06M
Stocks & contracts in progress 3€3.17M
Amounts receivable within one year 40/41€2.50M
Investments 50/53€674k
Cash & bank 54/58€615k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€7.77M
Equity 10/15€583k
Contributions / capital 10/11€209k
Reserves 13€771k
Accumulated profits (losses) 14€-396k
Amounts payable 17/49€7.18M
Amounts payable after one year 17€367k
Amounts payable within one year 42/48€6.75M
Trade debts payable within one year 44€2.73M
Income statement
Gross operating margin 9900€537k
Operating result 9901€368k
Financial income 75€60k
Financial charges 65€212k
Result before taxes 9903€216k
Income taxes 67/77€27k
Net result for the period 9904€189k
Result to be appropriated 9905€189k
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Ratios computed by Checked.

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FY 2021 · computed
1 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.